BORROWINGS (Tables)

3 Months Ended

Mar. 31, 2016

Debt Disclosure [Abstract]

Credit Facilities and Other Debt of the Company and Related Borrowings Outstanding

The credit facilities and other debt of the Company and related borrowings outstanding are as follows (in thousands): 

	As of March 31, 2016				December 31, 2015
	Maximum Amount of Facility		Borrowings Outstanding		Borrowings Outstanding
Credit facilities:
TD Bank – secured revolving credit facility (1)	$	6,997	$	—	$	—
Republic Bank – secured revolving credit facility	1,969		—		—
			—		—
Other debt:
Senior Notes			10,000		10,000
Mortgage debt - hotel property			9,822		9,877
Other debt			775		870
Total borrowings outstanding			$	20,597	$	20,747

(1) The amount of the TD facility shown has been reduced by $503,000 for an outstanding letter of credit at March 31, 2016.

Annual Principal Payments on the Company's Aggregate Borrowings Over the Next Five Years and Thereafter

Annual principal payments coming due on the Company’s aggregate borrowings for the five succeeding annual periods ending March 31, and thereafter, are as follows (in thousands):

2017	$	609
2018	10,603
2019	297
2020	276
2021	296
Thereafter	8,516
Total	$	20,597